More fundamental data proving OMKT's is insanely low:
OMKT's closest competitors, in product, size, and revenues, are BVSN and VIGN. They are the big 3. Just compare (annual data):
BVSN earned $ .07, sales $ .44, share price $ 45, p/s 102
VIGN earned $-.98, sales $1.95, share price $138, p/s 70
OMKT earned $-.39, sales $1.95, share price $ 15, p/s 8
where p/s is share price divided by sales.
Want more evidence? Look at the expected quarterly change in earnings per share of each (comparing last quarter's actual to earnings to concensus estimate of next quarter's earnings):
BVSN expected change $-.01 ( .03 to .02)
VIGN expected change $ .01 (-.06 to -.05)
OMKT expected change $ .02 (-.09 to -.07)
Summary: OMKT has the same sales as VIGN and is expected to improve its earnings by more than VIGN, yet VIGN costs NINE TIMES as much as OMKT!!
Also, OMKT is four times as big as BVSN, and BVSN's earnings (while making a tiny profit instead of a small loss)are projected to decline while OMKT is projected to improve, yet BVSN costs TWELVE TIMES as much as OMKT on a revenue per share basis.
It could easily be argued that both BVSN and VIGN are better company's, maybe even twice or three times as good as OMKT. However it is completely impossible to say that they are EIGHT TO TWELVE TIMES better than OMKT, yet that's how they're priced.
OMKT is so insanely cheap relative to its value, that even if it QUADRUPLED to $60 per share, it would STILL be a tremendous bargain relative to its closest rivals.
We have seen repeatedly in the last year how panic buying has bid up some internet stocks to 10 times what they are worth, only to find them crashing down later.
In the case of OMKT, the reverse has happened. panic selling over the last few weeks has driven OMKT's price down to 1/10 of what it's worth. OMKT is down more than 80% off it's high, on ABSOLUTELY NO BAD NEWS. Sooner or later, fundamentals will force the stock to crash back UP. |
